What is a 3/1 ARM mortgage loan?

It is important when buying a house to understand the type of mortgage you are getting. This is because different mortgages have different annual percentage rates, terms and conditions and payment ...
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Top Q&A For: What is a 3/1 ARM mortgage loan

Is it better to get a shorter loan mortgage term or prepay on a
longer loan?

On One Hand: Short Tem Mortgages Tie Your Hands.A short term mortgage forces you to spend more money on your house payment than you would under a longer term loan. This means that there is less mon...
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Is it Better to Get a Shorter Loan Mortgage Term or Pre-Pay on a Longer Loan?

What is an arm loan mortgage?

An ARM, or adjustable rate mortgage, is a loan with a variable interest rate that can affect the amount of your monthly payment. The initial interest rate on the loan may remain in effect for up to...
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